Deutsche Bank AG Makes New $385.13 Million Investment in Iron Mountain Incorporated $IRM

Key Points

• Deutsche Bank acquired 3.05 million Iron Mountain shares worth approximately $385.1 million in the second quarter, giving it a 1.02% stake. Institutional investors collectively own 80.13% of the company.
• Iron Mountain reported quarterly earnings of $0.60 per share, exceeding estimates by $0.06, while revenue rose 18.5% year over year to $2.03 billion.
• The company declared a quarterly dividend of $0.864 per share, equivalent to a 2.7% yield, while analysts maintained a “Moderate Buy” consensus with an average price target of $135.17.

Deutsche Bank AG acquired a new position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,049,079 shares of the financial services provider's stock, valued at approximately $385,129,000. Deutsche Bank AG owned about 1.02% of Iron Mountain at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Perigon Wealth Management LLC purchased a new stake in shares of Iron Mountain in the 2nd quarter valued at approximately $540,000. Capital Financial Group Inc. Co. ADV purchased a new stake in shares of Iron Mountain during the 2nd quarter valued at approximately $2,018,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Iron Mountain in the second quarter valued at approximately $124,112,000. OneDigital Investment Advisors LLC acquired a new position in Iron Mountain in the second quarter valued at approximately $629,000. Finally, Plato Investment Management Ltd purchased a new position in Iron Mountain in the second quarter worth approximately $217,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Iron Mountain

In related news, Director Walter C. Rakowich sold 757 shares of Iron Mountain stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total value of $94,208.65. Following the completion of the transaction, the director owned 1,135 shares in the company, valued at approximately $141,250.75. The trade was a 40.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Daniel Borges sold 7,189 shares of the company's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $125.50, for a total transaction of $902,219.50. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 135,368 shares of company stock valued at $16,807,080. 1.70% of the stock is owned by insiders.

Iron Mountain Stock Up 0.3%

NYSE:IRM opened at $129.80 on Tuesday. The stock's fifty day moving average is $124.68 and its two-hundred day moving average is $116.38. Iron Mountain Incorporated has a 52 week low of $77.77 and a 52 week high of $134.68. The stock has a market capitalization of $38.64 billion, a price-to-earnings ratio of 92.71 and a beta of 1.20.

Iron Mountain (NYSE:IRM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.06. The business had revenue of $2.03 billion during the quarter, compared to analysts' expectations of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The company's revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 earnings per share. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. On average, sell-side analysts expect that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be given a $0.864 dividend. This represents a $3.46 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Iron Mountain's payout ratio is currently 247.14%.

Analyst Upgrades and Downgrades

IRM has been the topic of a number of research analyst reports. Wall Street Zen downgraded Iron Mountain from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Truist Financial set a $140.00 price target on Iron Mountain in a report on Friday, May 1st. Barclays boosted their price objective on shares of Iron Mountain from $127.00 to $143.00 and gave the company an "overweight" rating in a report on Wednesday, July 1st. Weiss Ratings raised shares of Iron Mountain from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Finally, Zacks Research raised shares of Iron Mountain from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $135.17.

Iron Mountain Profile

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers' digital transformation.

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